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Any good books on how to sell life/annuities?

Carpal Tunnel

New Member
7
So, I'm brand spankin' new to insurance. I jumped through the hoops, got my licensing and agency. Now I need to figure out what I'm doing.

I intend to focus on retirement planning and am wondering if anyone knows of a good read to educate myself on tax laws and how to position products?


Sales techniques are relatively easy to find. What I want to do is become an expert in the tax law without reading the actual code. But I need a book that does more than just that. I would like something that discusses product as it relates to retirement planning.

Also, I need assistance with how to protect myself from crossing the line in discussing annuities, so I don't fall afoul of safe harbor rules.

Thanks.
 
Carpal Tunnel, National Underwriters has an extensive list of books they publish on various insurance subjects. Check their website. You may wish to check amazon.com for books on insurance and retirement.:)
 
Thanks. I've looked at their website.

Which book would you recommend first? Is there a 'bible' for selling life/annuities?
 
The best "Bible" for selling anything is at the feet of an honest, successfull agent that has been doing this for years. You will never learn from books.
 
That is a great link, James. Thanks. Read his article about premium financing, and he expressed what I sensed.

Heard the book to read now is: Sitting on Your Assets.
 
Here is one book my broker gave us as recommended reading by Ed Slott,

The Retirement Savings Time Bomb .... and how to defuse it. Great read especially if your into annuities or retirement accounts. I used the book to land a very nice commission, and it was a fixed EIA. I loaned the book to my prospect and a week later we did a very nice rollover, and annuities is not my lead plan, maybe then but not now.
 
Yea, Ed Slott is consider by most the foremost authority on IRA's and the like.

Here’s the problem with this area. The last time Congress touched it, which is what we have as the tax code, was 1987. I think, at that point, they made a pact or something between themselves to never touch this area again. Basically what they did is they handed it off to the IRS and said, "We’ve had it. We don’t even know what we did that’s in the law. We never want to look at it again. It’s like yesterday’s breakfast. Whatever you say the rules are, that will be the rules from here going forward." And that’s what’s happened.

Snippet of his opening statements at this lecture or Q&A's,

Ed Slott
 
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